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Create Supplier Credit Memo [MIGRATED]

MIGRATED TO http://wavelet.asia/customer-portal/2011/02/28/create-supplier-credit-memo/

Credit memo can consist of credit note or debit note. A credit note is created for suppliers to record an amount owing due to purchase of goods from suppliers. On the other hand, a debit note issued to suppliers indicate that the supplier is owing the user company, possibly due to return of goods to suppliers.
  • Supplier > Credit Memo > Create
  • Enter a Credit Memo PKID and select an option.
  • Click 'Submit'.
  • Select a Branch and click 'Change'.
  • Search a Supplier by clicking on 'Select'.
  • Enter a foreign currency (or RM) and amount in the appropriate box. Then, click 'Set Foreign Currency'.
  • Enter 'Other Details' such as, Reference number, Remarks, Date and click 'Set Details'.


  • Enter a GL Code, remarks and an amount in Debit or Credit side. Then click 'Add Item'.
  • Multiple items can be added into the same transaction.
  • Click 'Remove' to delete the item.
  • Finally, click 'Confirm and Save'.


  • As can be seen in the Blue box above, Credit Note:833.00 shows what is owed to the supplier. 
  • Initially,
  Debit Credit
 Inventory (Teddy Bear)
 888 
 Accounts Payable
  888
  • Inventory Bunny Toy was returned to supplier because the goods were damaged.
  Debit Credit
 Accounts Payable
 55 
 Inventory (Bunny Toy)
  55
  • Therefore, the Accounts Payable will be offset and the amount payable to supplier is RM 833.00.
  Debit Credit
 Inventory (Teddy Bear)
 888 
 Inventory (Bunny Toy)
  55
 Accounts Payable
  833



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